Middle income status Ghana admitted 50th member of OECD

The President urged the OECD Development Centre to come out with a blueprint to guide lower middle income countries transiting to a middle income status.

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President John Dramani Mahama has expressed gratitude to the governing board of the Organization for Economic Co-operation and Development, OECD, for admitting Ghana as the 50th member of the global organization.
RELATED: Bilateral talks President Mahama lauded for bringing stability to West Africa

Speaking at a meeting with the Governing Board of the OECD in Paris, the president said Ghana stands to benefit from experiences of other member countries especially at the time that the country is seeking to move from a lower middle income to a middle income status.
The President urged the OECD Development Centre to come out with a blueprint to guide lower middle income countries transiting to a middle income status.
RELATED: Issues Mahama talks democracy, corruption in France [Video]

He added the attainment of lower middle income status has been followed by difficult economic challenges and choices as the country no longer enjoys favourable concessionary loan terms.

He said the government's efforts to address the economic challenges are yielding results.

President Mahama indicated that the transformation agenda of the government seeks to change the fundamentals of Ghana's economy by making it an export led one.

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